8 February 2012

Developer brings Queensland to Ascot Vale

National residential developer Urbex is bringing a slice of Queensland life to Ascot Vale this month with an offer to match the Queensland Governments $10,000 building boost for its Victorian customers. Until the end of March, the $10,000 building boost is available on an applicable number of house and land packages in its flagship Ascot Chase development in Ascot Vale. With interest rates falling, the Urbex home boost, combined with 9.26% capital growth on average over the last 5 years in the Ascot Vale area*, provides an exceptional opportunity to build a new home at Ascot Chase. “In the current market, there is a clear drive for people wanting to secure quality housing in prime real estate positions”, said Ascot Chase Development Manager Tiel Lillehagen. “Ascot Chase offers a compelling combination of new homes designed by some of Melbourne’s leading builders and the facilities of an established vibrant community with adjoining riverside parkland, only 7kms from the CBD. It’s an opportunity that undoubtedly ticks all the boxes in the current market environment,” he said. The $10,000 building boost has been driving a sales rush in Queensland over Christmas with more than 7,000 applications received in December and the REIQ recording a corresponding rebound in sales. Urbex is hoping its $10,000 building boost will provide the same results at Ascot Chase. Urbex offers customers the opportunity to purchase land only, or can provide housing package options through a number of builders including Comdain Homes, who was recently named the 2011 Medium Builder of the Year at the HIA/MBA Awards. “With inner city Melbourne real estate continuing to hold strong, this is a great opportunity to secure prime real estate close to the city with a quality home, in a quality estate”, said Lillehagen. Developed by Urbex, Ascot Chase is a 16 hectare development surrounding Walter Street Reserve that will eventually be home to around 1,500 residents in 400 new homes. Urbex, a wholly-owned subsidiary of the BMD Group, is an innovative development company undertaking development projects in sole ownership, joint venture and consortium partnerships throughout Brisbane, Sydney, Melbourne, Townsville and other regional centres. Since its establishment in 2003, Urbex has been quick to establish itself as a major force in the national development market. The company prides itself on creating innovative living environments that set new benchmarks in urban design. For more information regarding the Urbex $10,000 home boost offer, prospective customers are advised to speak with an Ascot Chase Sales Consultant by calling 1300 131 949. _________________________________________________________________________________

BMD is a national group of companies engaged in engineering design, construction and land development for clients and partners in the urban development, transport infrastructure and resources and energy sectors.

Since 1979, BMD has employed a relationship based business model founded on certainty, collaboration and performance.

With approximately 1,500 staff throughout Australia, BMD has the resources and experience to deliver projects ranging in size from $1 million to over $1 billion and is currently ranked 43rd in the 2012 BRW’s Top 500 Private Companies list.

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